Bigger Sales, Bigger Loss at Scholastic

photoSales are up 3% in the first quarter of fiscal 2015 over the previous year for Scholastic, but the company’s loss per share increased from $0.94 to $1.05.

Although first quarters don’t typically see strong results for the publisher since schools are closed during the majority of it, Scholastic also saw a drop in its Educational Technology segment, which launched a new line of products last year.

CEO Richard Robinson remained confident that Scholastic would achieve its 2015 goals, attributing some of the weaker first-quarter results to severance from restructuring efforts aimed at improving profitability.

More.

Related: Scholastic Inc.’s Executive Vice President Deborah Forte to Speak at Digital Book World 2015


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